Short entry Now and ladder thru $62,Target $50.
MNST has remained within the long-term bullish channel, and returned after breaking out in 2017. Even tho I think a new bear channel is forming, there's an opportunity to catch a swing while staying in the bull channel.
Gap was created in Feb 2018, and we may look to finally fill it before thrusting down. How...
The price is below 30MM, and the slope of 30 MM is slightly negative. Theoretically, it's in phase 4. If the price breaks the resistant, it will be in stage 2, but I think this will happen in two months.
MNST hit the resistance line and is following a reverse Elliot wave pattern. Im looking for it to shoot back up around A then sell of what I've got. If it follows the ABC off of the Elliot pattern i would buy around the pop after the B wave, thats what i will be doing. I will keep you guys updated
We have MNST showing a typical elliott wave pattern. It might dip down further but know that we are about to see an ABC bounce back. We also have a tell tale oversold point on the RSI so we should be looking at a pop but I am going to buy around B instead of now just to confirm that the stock is making an ABC pattern.
Will keep you guys updated --
MNST broke-down from a rising wedge formation, retested the resistance & seems rolling over nicely holding below EMA lines. Moneyflow declined to the negative side. We think it will be a good short.
Entry Target Criteria- Break of $42.97
Exit Target Criteria- $40.43
Stop Loss Criteria- $44.57
Trade Status: Pending
(Note: Trade update is delayed here.)
It is very close to a clean flat base buy point at 144.
3 year EPS is only 18%, and some of this pop has been because of KO acquisition
3 year Sales is only 18%
MONSTER BEVERAGE CORP RANK WITHIN THE BEVERAGES-NON-ALCOHOLIC GROUP (17 STOCKS)
Composite Rating 97 Rank within Group: 1st
Best in Group
EPS Rating 96 Rank within Group: 1st
Monster Beverage Drops On Stifel Concerns
***** (finance.yahoo.com) 03/06/2014
Shares of Monster Beverage (NASDAQ: MNST) fell more than three percent Tuesday morning on comments from Stifel, following the shareholder meeting.
Stifel reduced its estimates on weaker-than-expected sales growth for the past several months. Analyst Mark Astrachan backed up his...